EIB Backs SME Energy Efficiency Financing Platform with Solas Capital
- brg_news_room
- Feb 13
- 1 min read
Europe: The European Investment Bank (EIB) has committed EUR 60 million (USD 65.0 million) to support the launch of a co-financing platform managed by Solas Capital, aimed at funding energy-efficiency projects for small and medium-sized enterprises across Europe. The investment will be made through Solas Sustainable Energy Fund II and is intended to support measures such as LED lighting, insulation, heat pumps, rooftop solar systems and electric vehicle charging infrastructure.
The EIB said the platform is expected to mobilise close to EUR 400 million (USD 433.0 million) in total financing, including private capital, across several European Union countries. The initiative follows a previous EIB commitment of EUR 30 million (USD 32.5 million) in 2022 and forms part of the EIB Group’s wider plan to provide EUR 17,500 million (USD 18,940 million) in financing for up to 350,000 SMEs by 2027 to support energy savings and decarbonisation.
Source: European Investment Bank
